Your Evening Briefing
Here are today’s top stories for Europe.
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The Manchester victims were innocent, among them young girls out for the night to see one of their idols perform live. The attacker was, in the words of British Prime Minister Theresa May, “warped and twisted.” Their names are beginning to emerge – Saffie Roussos and Georgina Callander – while his identity remains as yet unconfirmed by authorities. The Manchester attack has abruptly halted the U.K. election campaign and brought back bitter memories of a 1996 IRA bombing in Manchester itself. The city will hold a vigil this evening as it mourns its loss. — Adam Blenford
Getting to work. French President Emmanuel Macron wants to work out how to simplify byzantine labor rules and let individual companies negotiate wages rather than being subject to industrywide agreements. It’s something that has frustrated presidents for two decades. He’s signaled that making the French labor market more flexible will be central to his strategy for boosting growth and keeping populism in check in the long term.
Still not satisfied. Greece’s creditors failed to resolve their differences over the measures required to bring the country’s debt back to a sustainable path. A compromise offered by eurozone finance ministers, including a potential extension of maturities on some bailout loans by up to 15 years, wasn’t enough for the International Monetary Fund to say unequivocally that Greece’s debt is sustainable.
The Spanish sun sets on British holiday home buyers. Brexit is dashing some Britons’ dreams of owning a home in sunny hotspots like Alicante, with prospective buyers facing an 11 percent plunge in the pound against the euro since the Brexit referendum. In the first quarter of 2017, the proportion of home purchases in Spain made by U.K. citizens fell to a record low.
A Dickensian profession, but the pay is good. London’s legal clerks are by their own admission “wheeler-dealers,” acting as middleman between solicitors and barristers, who depend on clerks to bring them work. The power dynamic is deeply English, with a naked class divide. Yet senior clerks can earn a half-million pounds per year, or more than $650,000, and some make far more.
Clocking in records. While the watch industry nurses a bloody nose, the market for vintage timepieces at auction appears to be in great shape (although there are some signs of weakness). If Geneva’s $63 million watch auctions are anything to go by, the appetite for rare pieces is incredibly strong. Two names marked the sales as usual: Rolex and Patek Philippe.
Going by yourself. Sometimes you want to travel alone and sometimes you have no choice. From incredible audio city guides to intuitive safety apps, here are a collection of tools that make flying solo feel like a piece of cake.
Compiled by Andy Reinhardt and Leila Taha